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AFRIMAT LIMITED - Trading Statement

Release Date: 17/10/2012 09:11
Code(s): AFT     PDF:  
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Trading Statement

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or “the Company”)


VOLUNTARY TRADING UPDATE OCTOBER 2012


Afrimat is pleased to announce that its headline earnings are expected to increase by between 20% and
25%.

Earnings per share and headline earnings per share (“HEPS”) for the six months ended August 2012 are
expected to increase by between 7% and 12% and 15% and 20% respectively, compared to the comparative
period in the previous year. HEPS was impacted by the dilution as a result of treasury shares utilised as part
settlement for the Clinker Group acquisition.

All business units are expected to report increased profits compared to the comparative period, despite
tough trading conditions. The group benefited during the period from its diversification initiatives,
improvement in the profitability of the Readymix business unit (due to higher sales volumes in the Western
Cape and cost reduction initiatives) and profits generated by the newly acquired Clinker Group.

The financial information on which this trading statement is based has not been reviewed by the Company's
auditors. The Company’s financial results will be released on or about 1 November 2012.

Johannesburg
17 October 2012
Sponsor: Bridge Capital Advisors Proprietary Limited

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